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Activity 6 - Vodafone ROCE answer
| ROCE For Vodafone |
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| 31 March 2002 | Profit for the year
Equity shareholders' funds | -16,155
130,573 | = -12.37% |
| 31 March 2001 | Profit for the year
Equity shareholders' funds | -9,885
145,007 | = -6.82% |
Notice Vodafone's ROCE for both years is negative. This is not good. More than that, Vodafone's capital employed didn't grow between the two years; in fact, it shrank. Something else has gone wrong with Vodafone - maybe we will discover their problems as we work through the rest of these ratios.
Back to Activity 6 - Vodafone ROCE?
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